While Bitcoin (BTC) and altcoins have been performing poorly since mid-December, the market has recently started to rise again. With Bitcoin passing the $100,000 level, altcoins have also gained value. While this movement strengthens the expectation of a new rise in the market, a smart investor has attracted attention with the profits he has made from altcoin investments.
According to blockchain analytics platform Lookonchain, this investor made a total profit of $37 million on just two altcoins, with the investor making over $19 million and $18 million on Solana (SOL)-based projects ai16z and Fartcoin, respectively.
This investor has been quite successful not only in ai16z and Fartcoin, but also in other altcoin investments, reaching a success rate of 89.07% in the last 30 days.
First, he bought 9.16 million ai16z for just 18 SOL (about $3,000) on October 25, 2024. So far, he has managed to sell 1.32 million ai16z for $1.71 million and currently holds 7.85 million ai16z worth $17.26 million. The total profit from this investment has reached $19 million, which is an incredible 6,400x return.
His second big move was Fartcoin. The investor bought 17.31 million Fartcoins by spending only $12,000 and has made a profit by selling 6.71 million Fartcoins for $5.41 million so far. He currently has 10.6 million Fartcoins worth $12.83 million, and his total profit is over $18 million.
This investor, who made great profits with his Ai16z and Fartcoin investments, has a general success rate of around 89%. In the last 24 hours, he continued to invest in projects such as eef, DEAL, GG, SXBT, FARTOLOGY and TBOO by investing in low-value altcoins in the market. This strategy aims to increase the investor's profits by following market dynamics.